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IMF downgrades growth outlook

The International Monetary Fund (IMF) has made several revisions to its global GDP growth forecasts in its twice-yearly World Economic Outlook.

Its estimate for the GDP growth of the advanced economies has fallen from its projection of a negative 1.8% made in January, to its current forecast of a negative 3.8%.

The biggest GDP declines were forecast for Japan – down from a negative 3.6% to a negative 6.2%, Britain (down from -1.3% to -4.1%), and Germany (down from -3.1% to -5.6%).

The IMF forecasts Chinas GDP growth for this year at 6.5%. At the start of the year it projected it would grow by 6.7%.


Budget holes

Another Budget, another disappointing damp squib. This year’s announcement by the Chancellor was one that will be remembered by some – but certainly not by the mortgage industry.

BUDGET 2009 NEWS: AMI and CML welcome ABSG scheme

The asset-backed securities guarantee scheme announced in today’s Budget has been welcomed by the Association of Mortgage Intermediaries and Council of Mortgage Lenders.

Deflation hits annuities

Inflation-linked annuity clients could see their income fall after the retail price index fell below zero for the first time since 1960.

Risk-free path to pensions is a myth

Robin Geffen, Fund Manager and CEO Are you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement. Click here to read the full article Important information Investment risks The value of an investment and any income from […]


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